 "Warivo Motor India aims to double revenue with the launch of its high-speed electric scooter, the CRX, targeting significant market expansion.")
Warivo Motor India, an electric two-wheeler startup, aims to nearly double its revenue to around Rs 120 crore in the current fiscal year. This growth is driven by the launch of their high-speed electric scooter, the CRX, priced at Rs 79,999. Shifting from their earlier focus on low-speed scooters, Warivo’s CRX can reach speeds of up to 50 kmph and is expected to sell about 8,000 units in FY25. The company plans to create a bridge product between low-speed and high-speed scooters while expanding into new markets, particularly in South India. Currently, Warivo has a production capacity of 600 units daily and sells around 2,000 low-speed scooters monthly.
Electric two-wheeler company Warivo Motor India is gearing up for impressive growth, aiming to boost its revenue to around Rs 120 crore this fiscal year. This increase comes as a result of the company’s recent launch of its high-speed electric scooter, the CRX, which is priced at Rs 79,999 (ex-showroom).
Previously focused on low-speed models (with speeds up to 25 km/h), Warivo is now venturing into the high-speed scooter Market, where CEO Shammi Sharma believes the company can significantly increase sales volumes. The CRX, designed to meet mid-Market demands, is also just the beginning; plans are in place for a bridge product between low-speed and high-speed scooters, as well as a premium high-speed model.
Currently operating a manufacturing unit in Ellenabad, Haryana, Warivo produces up to 600 units daily. With an average of 2,000 units sold each month from their existing low-speed scooters, the CRX has a projected sales goal of around 8,000 units for FY25. Sharma is optimistic about expanding into new markets, particularly in South India, known for its mature scooter Market.
In summary, Warivo Motor India is on a path of rapid growth with its strategic move into high-speed electric scooters, aiming to double its revenue and reach new customers in the process.
Tags: Electric Scooters, Warivo Motor India, CRX Launch, High-Speed Electric Vehicles, Indian Electric Vehicle Market.
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What is Warivo planning to do with high-speed e-scooters?
Warivo is entering the high-speed e-scooter Market and aims to make Rs 120 crore in sales by the year 2025. -
Why is Warivo entering the e-scooter segment?
Warivo sees a growing demand for high-speed e-scooters and wants to offer customers new and exciting options in the Market. -
What are the expected features of Warivo’s e-scooters?
The e-scooters are expected to be fast, reliable, and suitable for various types of riders, making them appealing for urban transportation. -
When can we expect to see these e-scooters in stores?
While specific dates have not been announced, Warivo plans to launch these e-scooters soon as part of its growth strategy. - How does Warivo’s goal for FY25 compare to previous years?
Setting a target of Rs 120 crore shows that Warivo is aiming for significant growth in the e-scooter Market, building on their success in other segments.
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